Aust stocks open higher

Local market follows Wall Street gains despite IMF downgrading global growth forecasts.

The Australian stock market opened higher following gains on United States and European bourses despite the IMF downgrading its global economies' growth forecast.

At 1015 AEST, the benchmark S&P/ASX200 index was up 0.61%, at 4,911.6 points, while the broader All Ordinaries index was up 0.59%, to 4,895.4 points.

Materials were up across the board.


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